Search: reassessment u/s 147

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Section 1483 Section 143(3)2 Section 143(2)2

KISHORI CAPITAL MARKETS PVT. LTD.,BBD BAGH (EAST) vs. ITO WARD 2(1), PATNA, LOK NAYAK BHAWAN

In the result, the appeal filed by the assessee is allowed

ITA 249/PAT/2023[2015-16]Status: DisposedITAT Patna06 Nov 2024AY 2015-16

Bench: Sri Rajesh Kumar & Pradip Kumar Choubey

Section 143(2)Section 143(3)Section 147Section 148Section 14ASection 250

14A of the Act read with Rule 8D of the Income Tax Rules, 1962. The ld. AO has further held that however, this sum is being restricted to the amount of exempt dividend income claimed i.e. Rs. 17,75,205/-. Accordingly, an assessment order was passed at the total income of Rs. 45,55,345/-. Demand notice was issued